Saturday, November 14, 2015

Ludwig von MIses vs Bernie Sanders on Loopholes

Here's Ludwig von Mises on loopholes:
Many people object [to tax loopholes]. They stress the fact that most of the laws which aim at planning or at expropriation by means of progressive taxation have left some loopholes which offer to private enterprise a margin within which it can go on. That such loopholes still exist and that thanks to them this country is still a free country is certainly true. But this loopholes capitalism is not a lasting system. It is a respite. Powerful forces are at work to close these loopholes. From day to day the field in which private enterprise is free to operate is narrowed down.

No comments:

Post a Comment